Business Secretary Vince Cable says David Cameron's refusal to sign up for EU
treaty changes is less important than ensuring the single market survives.

The Business Secretary defended Prime Minister David Cameron's use of the British veto to block eurozone treaty change after France and Germany opposed “safeguards” to protect Britain’s economy.

Mr Cable said: "The really important thing about this summit is that Europe sorts out its very deep crisis because hundreds of thousands of British jobs depend on the eurozone crisis being resolved.

"The key national interest we are trying to protect here is the single market. Very large sectors of the economy depends on it in all parts of the country. We have a critical interest keeping the single market and enlarging it."